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CVSA vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CVSA vs. IVV

Last updated Jun 25, 2026

CVSA (Covista Inc.) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CVSA returned 21.58%/yr vs 15.57%/yr for IVV. At a 0.42 correlation, their price movements are largely independent.

Performance

CVSA vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Covista Inc. (CVSA) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CVSA achieves a 18.69% return, which is significantly higher than IVV's 8.13% return. Over the past 10 years, CVSA has outperformed IVV with an annualized return of 21.58%, while IVV has yielded a comparatively lower 15.57% annualized return.

CVSA

1D
1.72%
1M
-1.87%
YTD
18.69%
6M
18.47%
1Y
-2.75%
3Y*
52.03%
5Y*
27.62%
10Y*
21.58%

IVV

1D
-0.07%
1M
-1.40%
YTD
8.13%
6M
6.81%
1Y
22.31%
3Y*
20.76%
5Y*
13.03%
10Y*
15.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CVSA vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CVSA
Covista Inc.		18.69%13.89%54.11%66.06%20.09%-12.93%-2.92%-26.10%12.53%34.78%
IVV
iShares Core S&P 500 ETF		8.13%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between CVSA and IVV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since May 19, 2000

0.42

Over the past year, the correlation between CVSA and IVV has dropped to 0.15 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

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Covista Inc.

iShares Core S&P 500 ETF

Often compared with CVSA:
CVSA vs. SYFCVSA vs. HIMSCVSA vs. SIICVSA vs. CXDOCVSA vs. NVSCVSA vs. NFLXCVSA vs. CBOE
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

CVSA vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CVSA
CVSA Risk / Return Rank: 4141
Overall Rank
CVSA Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
CVSA Sortino Ratio Rank: 3838
Sortino Ratio Rank
CVSA Omega Ratio Rank: 4141
Omega Ratio Rank
CVSA Calmar Ratio Rank: 4141
Calmar Ratio Rank
CVSA Martin Ratio Rank: 4242
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 6060
Overall Rank
IVV Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 5858
Sortino Ratio Rank
IVV Omega Ratio Rank: 5959
Omega Ratio Rank
IVV Calmar Ratio Rank: 5757
Calmar Ratio Rank
IVV Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVSA vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Covista Inc. (CVSA) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

CVSAIVVDifference
Sharpe ratioReturn per unit of total volatility
-0.06
1.81

-1.86

Sortino ratioReturn per unit of downside risk
0.25
2.46

-2.21

Omega ratioGain probability vs. loss probability

1.05

1.33

-0.28

Calmar ratioReturn relative to maximum drawdown

-0.07

2.52

-2.59

Martin ratioReturn relative to average drawdown

-0.11

11.21

-11.32

CVSA vs. IVV - Sharpe Ratio Comparison

The current CVSA Sharpe Ratio is -0.06, which is lower than the IVV Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of CVSA and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CVSA vs. IVV - Drawdown Comparison

The maximum CVSA drawdown since its inception was -77.26%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CVSA and IVV.

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Drawdown Indicators

CVSAIVVDifference

Max Drawdown

Largest peak-to-trough decline

-77.26%

-55.25%

-22.01%

Max Drawdown (1Y)

Largest decline over 1 year

-42.14%

-8.89%

-33.25%

Max Drawdown (3Y)

Largest decline over 3 years

-42.14%

-18.75%

-23.39%

Max Drawdown (5Y)

Largest decline over 5 years

-50.23%

-24.53%

-25.70%

Max Drawdown (10Y)

Largest decline over 10 years

-66.06%

-33.90%

-32.16%

Current Drawdown

Current decline from peak

-20.49%

-3.20%

-17.29%

Average Drawdown

Average peak-to-trough decline

-30.66%

-10.76%

-19.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.49%

2.00%

+22.49%

Volatility

CVSA vs. IVV - Volatility Comparison

Covista Inc. (CVSA) has a higher volatility of 11.75% compared to iShares Core S&P 500 ETF (IVV) at 4.86%. This indicates that CVSA's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CVSAIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.75%

4.86%

+6.89%

Volatility (6M)

Calculated over the trailing 6-month period

28.91%

9.81%

+19.10%

Volatility (1Y)

Calculated over the trailing 1-year period

47.41%

12.44%

+34.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.29%

16.98%

+25.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.48%

18.06%

+21.42%

Dividends

CVSA vs. IVV - Dividend Comparison

CVSA has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.11%.

PositionTTM20252024202320222021202020192018201720162015
CVSA
Covista Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.15%1.42%
IVV
iShares Core S&P 500 ETF		1.11%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Frequently Asked Questions

CVSA and IVV have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CVSA has higher volatility (11.75%) compared to IVV (4.86%). In terms of maximum drawdown, CVSA dropped -77.26% vs IVV's -55.25%.

IVV currently has the higher Sharpe Ratio (1.81 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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